Let’s keep it real – If you’re renting for $2,000 a month, that’s $24,000 a year going straight into your landlord’s next vacation… or kitchen remodel (you know, the one you’re not allowed to touch).
And unless they’re sending you thank-you notes and holiday gifts, that money is doing nothing for you.
Now flip it—what if that same $2K was building something for YOU?
Like a home.
A vibe.
A front porch and a disco ball in the living room (because yes, it’s yours now).
Rent vs. Buy: The Real Talk
Renting:
- $2,000/month = $24,000/year
- After 5 years = $120,000 spent with zero return
- And guess what? You still don’t own anything. Not even the walls you can’t paint.
Buying:
- Purchase a $400K home
- ~3% down = $12,000 (and we can help with that)
- Monthly: ~$2,700–$3,000 all-in
- After 5 years: equity, appreciation, tax breaks—and a home with your name on it.
The Big Stats That’ll Make You Rethink Renting:
- Homeowners have 40x more net worth than renters on average. That’s not a typo.
- Home values typically grow 3–5% per year. That’s equity while you sleep.
- Rent has jumped 30% nationally since 2019. Meanwhile, mortgage payments stay the same with a fixed rate.
Rent Ratio Cheat Code:
Home price ÷ annual rent = rent ratio
$400K ÷ $24K = 16.67
(Translation: Buying makes sense—especially if you’re sticking around for a few years.)
Let’s Talk Lifestyle
Renting gets you:
- Flexibility (and moving boxes every year)
- Landlord delays
- Surprise rent increases
- Beige walls you can’t change
Buying gets you:
- Equity (aka: wealth in your name)
- Stability and predictable payments
- Creative freedom (paint, renovate, even install a bowling alley—we’re not judging)
- Tax benefits
- Something that’s actually yours
The Bottom Line:
Renting might be convenient today. But buying?
Buying is about freedom, wealth, and ownership.
You’re already paying someone’s mortgage—might as well make it yours.
Ready to stop renting and start building wealth? Give me a call and let’s go over your loan options, down payment assistance programs, and your qualification details.
